Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural

sector which continued to expand. Public spending and private consumption remained to be the main growth drivers. The policy rate remained stable at 1.5%. Central Pattana Public Company Limited (“The

, imposing a lockdown order from March 22, and closing certain business and venues with a high risk of Covid19 transmission. The Company placed great importance on complying stringently and promptly with the

, sales growth in this quarter would become approx. 15.0% over the same period of last year. Sales growth remains driven by Power Electronics business group, especially power supplies for automotive sector

1 Ref FN. 007/2020 Management Discussion and Analysis For operation of the year 2019 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet business, featuring

sales and administrative expenses decreased eventhough the Revenue from sale was approximate to the last year. In this regard, the profit from furniture business (Separate) could still generate gross

business, restaurants and etc. such products as pies, cookies and bakeries. The Company has a subsidiary, Aurum and Aurum Company Limited (together with the Company, the “Group”) which operates raw material

business strategies as follows: - Focus on sales online channels. - Increasing direct sales channels. - Manufacture of fabric masks to increase sales channels. Revenue by type - The sales Revenue of Sabina

/17 by 7-8 %. As such, the bottom line of Q3/17 is expected to be improved because the cost of production is manageable while we can improve the selling price. 2. Business Outlook on Q3/2017

results were satisfactory and confident that they could be able to help improving the Company’s business. SSG Group therefore started negotiating with 7 main trade creditors (including Cargill International